Marginal Cost Is Calculated for a Particular Increase in Output

question 102

Multiple Choice

Marginal cost is calculated for a particular increase in output by

• A)multiplying the total cost by the change in output.
• B)multiplying the change in total cost by the change in output.
• C)dividing the total cost by the change in output.
• D)dividing the change in total cost by the change in output.

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Definitions:

Product Development

The creation of new products or continuous improvement of existing products, from concept through design, manufacturing, and marketing.

New Drink

A recently introduced beverage product to the market, which can range from soft drinks, alcoholic beverages, to health or energy drinks.

Maturity Stage

The maturity stage is a phase in the product life cycle characterized by a slowdown in sales growth, as the product has achieved wide acceptance in the market and faces increased competition.

Windows Operating System

A series of graphical interface operating systems developed, marketed, and sold by Microsoft.